Tuesday, November 18, 2014

Investing vs Trading

“Funds have poured into private equity and other so-called alternative investments. They have assembled portfolios that are way too complex, way too dependent on supposedly sophisticated (and high fee) investment vehicles. They have chased what is fashionable, they have overly diversified, and they have abandoned what should be their true calling: patient long-term investing in American corporations.”


How pensions make investing too complex


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